GL1302 (Static) - Based on Problem 13-4A Attlcus Group LO C3, P2, P3 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31 ) follow. Stockholders' Equity (January 1) The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, payable on April 10. July 5 Declared a $0.50 per share cash dividend, payable on July 10. July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record October 10. General Ledger tab - Journalize the transactions related to the notes and accounts payable of Atticus Group. The General Ledger, Trial Balance and Schedule of Payables will be updated based on your entries. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. General Ledger tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits. Cash Dividends tab - Calculate the amount of each cash dividend. Stock Dividend tab-Calculate the amount of retained earnings to be capitalized. The following transactions and events affected its equity during the year. Prepare the journal entry necessary to record each event, and then agree the year-end balances with the December 31 Stockholders' Equity statement given above. Journal entry worksheet 4567812> Note: Enter debits before credits. \begin{tabular}{|l|l|l|l|l|l|} \hline Requirement & GeneralJournal & GeneralLedger & Trial Balance & CashDividends & Stock Dividend \\ \hline \end{tabular} Note: The ending equity balances should agree with the December 31 Statement of Stockholders' Equity. General Ledger Account \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Cash } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & January 01 & & & 848,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Common stock } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & January 01 & & & 160,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Paid-in capital, Common } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & January 01 & & & 120,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Retained earnings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & January 01 & & & 320,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Income summary } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & January 01 & & & (248,000) \\ \hline \end{tabular} Trial Balance > \begin{tabular}{|c|c|c|c|c|c|} \hline Requirement & GeneralJoumal & GeneralLedger & Trial Balance & CashDividends & Stock Dividend \\ \hline \end{tabular} Atticus Group Trial Balance January 01, 2021 General Ledger Cash Dividends > Calculate the dollar amount of each cash dividend. alculate the amount of retained earnings to be capitalized as a result of the stock dividend
